Market regulator Securities and Exchange Board of India’s (Sebi’s) experiment with the same-day settlement cycle has found few takers during its soft launch phase, rolled out for just 25 stocks.
Since its introduction in March, the T+0 mechanism — an optional settlement cycle, parallel to the mainstream T+1 cycle where trades are settled on a next-day basis — has logged a turnover of just Rs 5.7 lakh on the NSE, with six of the 25 scrips not recording even a single trade. Of the total, over 80 per cent, or Rs 4.63 lakh, was registered on March 28, the launch day.